Deutsche Börse Group in brief. By the way: In 2011 3.600 employees from 66 nations made € 2.233,3 million at 21 locations in 16 countries around the world.

1. Annual Report Light
Deutsche Börse Group in brief.
By the way: In 2011 3.600 employees from 66 nations made € 2.233,3 million at 21
locations in 16 countries around the world.
Xetra
The electronic trading platform Xetra is one of the fastest and most efficient trading
platforms for shares, bonds, warrants and options. Xetra is a synonym for the
electronification and internationalisation of securities trading.
Xetra offers a direct link to capital markets, supports modern trading technologies and
provides a constantly increasing offer of tradable securities. European and Global Investors
are enabled to buy and sell financial products of all relevant asset classes.
Xetra, Deutsche Börse Group’s business area for all cash market related processes provides
listing, trading and clearing services for issuers, intermediaries and investors. The trading
system is currently available between 9 am and 6 pm. Buy and sell orders can be submitted
from anywhere around the world and are matched on a central system. Should the number
of positions and price be accordant the trade is automatically executed.
In addition to the trading on Xetra, Deutsche Börse Group’s cash market segment organises
the trading on the Frankfurt Stock Exchange and the Tradegate Exchange, a leading
exchange for private investors. Options and warrants can be traded via Scoach, the
European exchange for structured products.

2. Annual Report Light
Xetra in figures
€ 275 million sales revenue, € 1,492 billion trading volume, over 800,000 tradable
financial instruments, 240 trading institutions, more than 4,500 connected terminals, 18
countries, 247 million executed transactions.
Eurex
Eurex consists of five companies, Eurex Exchange, International Securities Exchange,
Eurex Clearing und Eurex Repo, covering the entire value chain of the regulated
derivatives market.
The Eurex Exchange derivatives exchange provides global electronic access to exchange-
traded derivatives in a growing number of asset classes. The offer is expanded by the
products provided by the US-based International Securities Exchange, one of the world’s
largest equity option exchanges.
Eurex Clearing is Europe’s leading central counterparty and offers clearing services for
derivatives, repos, equities and fixed-income securities for both exchange-traded and off-
exchange transactions. Eurex Repo as a marketplace for collateralised financing, and Eurex
bonds as an OTC bond trading platform complete Eurex’s wide range of services.
Eurex in fingures
€ 946 million sales revenue, 2,822 million traded contracts, 3,800 tradable products, 2
billion transactions processed, 588 participants in 30 countries.

3. Annual Report Light
Clearstream
The tremendous trading volumes on securities markets boost the demand for settlement
and custody services. Clearstream International is Europe’s leading provider of these back-
office services for shares and bonds in national and international trading.
In the 1990s, Clearstream became a full bank and began to provide global custody services
to financial institutions across the globe, covering not only international, but also domestic
securities markets. In addition, Clearstream is the central securities depository for securities
trading in Germany as well as Luxembourg, since 2011. Clearstream plays an important role
in mitigating market risks and has repeatedly been awarded “AA” credit ratings by the major
international rating agencies.
Only a part of the value-added chain is generated by trading; the settlement of transactions
is far more complex. When a trade is concluded, the individual positions are entered and
cash is settled for securities. This is followed by a credit entry in the customer's custody
account and, parallel to this, the securities are held in a central depository. Most securities
are no longer stored or transported physically but entered into electronic storage media – all
those processes are accompanied by Clearstream.
Clearstream in figures
€ 776 million sales revenue, more than 2,500 customers in over 110 countries, € 11
trillion assets under custody, 126 million transactions processed

4. Annual Report Light
Market Data & Analytics
Extensive information and analysis instruments are essential for successful participation in
the international capital market. Market Data & Analytics provides indices as underlyings
for financial products or as standard of comparison for the fund industry.
The three key customer groups are: issuers who mainly use indices as underlyings for
derivative financial products; capital market participants and investment advisors who use
real-time price information and financial news to make their buy and sell decisions and
recommendations; and securities trading houses, who require precise reference and
company-specific master data for risk management and for error-free settlement.
Products and services of Market Data & Analytics contribute to the transparency of financial
markets, permit in-depth market and risk analysis and provide reliable facts that allow
investors to trade successfully.
MD&A in figures
€ 236 million sales revenue, 4,000 customers in 164 countries, 8,600 indices calculated,
1 billion trading data items distributed daily, 140,000 supplied financial instruments.